There is zero reason to bottom fish here yet. This is where patience on a long entry will save you a lot of headaches. There is still no clear divergence (RSI & MACD) indicating that this "could" be the bottom.
As you can see, the "rally" we had this morning is all gone, suggesting another leg lower. I've updated the natty chart with a clearer channel. I'm waiting on better signals for an entry.
As you can see, the "rally" we had this morning is all gone, suggesting another leg lower. I've updated the natty chart with a clearer channel. I'm waiting on better signals for an entry.
